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A new study by boutique research firm Boenning & Scattergood for CNBC found that Woodbury Common Premium Outlets is the fourth most lucrative in the U.S.

The 20 most valuable malls in the country owned by real estate investment trusts bring make nearly $21 billion in retail sales a year, the study says.

The Woodbury Common in Central Valley in Orange County comes in at No. 4 on the list, with a total asset value of $3.2 billion and $1,624 sales per square foot. The mall is owned by Simon Property Group (the same company that owns The Shops at Riverside).

The most lucrative mall in America is the Ala Moana Center in Honolulu, Hawaii, owned by General Growth Properties. The mall is worth $5.74 in total asset value and $1,450 per square foot.